What are the main differences between an RRSP and a 401k retirement account?

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2026-04-28 13:10

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The main differences between an RRSP and a 401k retirement account are that RRSPs are used in Canada while 401ks are used in the United States. RRSP contributions are tax-deductible, while 401k contributions are made with pre-tax dollars. Additionally, RRSPs have more flexible withdrawal rules compared to 401ks.

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